JD.com Acquires Auto Accessories Platform Tqmall
JD.com aims to build a self-sufficient ecosystem connecting aftermarket brands, distributors, car repair companies and consumers, said Xin Lijun, vice-president of JD Group. Photo: IC
Popular Chinese e-commerce platform JD.com has acquired business-to-business automobile aftermarket platform Tqmall, and has launched its own car aftermarket division, JD.com announced Thursday.
The acquisition was completed in March, JD.com said, without revealing the size of the transaction. JD.com plans to build its automobile aftermarket business on the basis of Tqmall’s existing services and platform, the company said.
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